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Broward County/Pembroke Pines/33028

33028

ZIPSAFMR
Broward County, FL
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$2,340$1,790
1 BR$2,530$1,920
2 BR$3,090$2,550
3 BR$4,220$3,770
4 BR$4,870$4,520
5 BR$5,601Not available
6 BR$6,441Not available
7 BR$7,407Not available
8 BR$8,518Not available

Purchase Price Calculator

Maximum purchase price
$317,012

Cost breakdown

+Likely effective rent$2,550
HUD FMR$3,090
Market rentUsed$2,550
Est. payment standard (90%)$2,780
-Principal and interest-$1,603
Loan amount$253,610
Down payment$63,402
Rate6.50%
Term30 years
-Operating costs-$747
Property taxes-$317
Insurance-$175
Utilities$0
HOA$0
Management-$255
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,662(64.1% ROI)
Projected value
$341,388
Return breakdown
Property appreciation+$24,375
Loan principal paid down+$9,086
Rental cash flow+$7,200
5-year hold
+$69,861(110.2% ROI)
Projected value
$358,671
Return breakdown
Property appreciation+$41,658
Loan principal paid down+$16,203
Rental cash flow+$12,000
10-year hold
+$151,400(238.8% ROI)
Projected value
$405,803
Return breakdown
Property appreciation+$88,790
Loan principal paid down+$38,609
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.32
2 BR
1.21
3 BR
1.12
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33028 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33028 (Pembroke Pines, FL) is $3,090 a month. That is down 3.7% from $3,210 in FY 2026. Pembroke Pines is in the Fort Lauderdale, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 87 ZIP codes in Broward County, 33028 has the 9th-highest two-bedroom rent (county range $1,780–$3,480). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33028 is 110% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33028
BedroomsFY 2027Change90–110% range
Studio$2,340−2.1%$2,106–$2,574
1BR$2,530−3.1%$2,277–$2,783
2BR$3,090−3.7%$2,781–$3,399
3BR$4,220−4.5%$3,798–$4,642
4BR$4,870−7.1%$4,383–$5,357

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33028
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,340$2,530$3,090$4,220$4,870
FY 2026$2,390$2,610$3,210$4,420$5,240
FY 2025$2,540$2,770$3,430$4,740$5,760
FY 2024$2,330$2,500$3,110$4,310$5,280
FY 2023$2,040$2,210$2,760$3,860$4,700

Two-bedroom rent in nearby Broward County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33028
33018$2,830−8.4%
33019$2,500−19.1%
33020$2,300−25.6%
33021$2,440−21.0%
33022$2,320−24.9%
33023$2,010−35.0%
33024$2,190−29.1%
33025$2,550−17.5%
33026$2,510−18.8%
33027$2,290−25.9%
33028Current$3,090—
33029$3,120+1.0%

Questions about ZIP 33028 rents

How much will Section 8 pay for a two-bedroom in ZIP 33028?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,090, that basic range is $2,781 to $3,399 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 33028 in?

ZIP 33028 is in the Fort Lauderdale, FL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 33028 for FY 2027?

The two-bedroom FMR fell 3.7%, from $3,210 in FY 2026 to $3,090 in FY 2027. Since FY 2023 it has risen 12.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentPembroke Pines, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources